Brookfield Infrastructure Co. (NASDAQ:BIPC – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $42.79 and last traded at $42.76, with a volume of 65013 shares. The stock had previously closed at $42.30.
Brookfield Infrastructure Price Performance
The stock’s 50 day moving average is $39.34 and its two-hundred day moving average is $35.67. The firm has a market capitalization of $5.66 billion, a P/E ratio of 29.40 and a beta of 1.44.
Brookfield Infrastructure Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $0.405 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.
Institutional Investors Weigh In On Brookfield Infrastructure
About Brookfield Infrastructure
Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.
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